AVIC Airborne Systems Co (SHSE:600372) ROCE % : 5.61% (As of Mar. 2024)

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What is AVIC Airborne Systems Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. AVIC Airborne Systems Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.61%.

AVIC Airborne Systems Co ROCE % Historical Data

The historical data trend for AVIC Airborne Systems Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AVIC Airborne Systems Co ROCE % Chart

AVIC Airborne Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.62

7.94

7.29

8.93

6.61

AVIC Airborne Systems Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.13	12.11	7.15	3.06	5.61

AVIC Airborne Systems Co ROCE % Calculation

AVIC Airborne Systems Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2537.02	/	( ( (64723.678 - 31693.315)	+	(73523.417 - 29832.674) )	/ 2 )
	=	2537.02	/	( (33030.363	+	43690.743)	/ 2 )
	=	2537.02	/	38360.553
	=	6.61 %

AVIC Airborne Systems Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2418.096	/	( ( (73523.417 - 29832.674)	+	(74034.199 - 31565.804) )	/ 2 )
	=	2418.096	/	( ( 43690.743	+	42468.395 )	/ 2 )
	=	2418.096	/	43079.569
	=	5.61 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

AVIC Airborne Systems Co (SHSE:600372) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

AVIC Airborne Systems Co ROCE % Related Terms

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AVIC Airborne Systems Co (SHSE:600372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AVIC Airborne Systems Co Ltd (SHSE:600372) » Definitions » ROCE %

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Address

Jinghai 2nd Road, Beijing Economic and Technological Development Zone, Building 8, Yard 29, Beijing, CHN

Website

http://www.avic.com.cn

AVIC Airborne Systems Co Ltd Formerly China Avionics Systems Co Ltd engages in the research and development, production, sale, and services of engine auxiliary machinery systems and equipment for aviation. The company has aviation and armament equipment, military transport aircraft, helicopters, airborne systems and auto parts, general aviation, aviation research, flight testing, aviation supply chain and military trade, asset management, finance, engineering construction, automotive and other industries. The company also provides property leasing, technical, and consultancy services.

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